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Several immutable Gold Rules appear to be
self-evident and powerfully manifested in the modern world of banker
corruption, financial market intervention, currency debasement, phony
accounting, and economic deterioration, all amidst powerful incessant media
propaganda, against a backdrop of endless war. The global fascism movement
has taken deepest root in what during the 1960 through 1980 decade was the
capitalism regions steeped in democracy. Since the Lehman Brother scuttle and
the Fannie Mae adoption and the AIG black hole admission, the financial
crisis that began with the housing bubble and subprime mortgage bust has
turned virulent. The global financial
crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen. In the last 12 to
18 months, the monetary war has again morphed, this time into a far more
serious and financially violent global Gold War. Nations are fast realizing
that their only true liquid assets of value are their gold reserves, and even
they have been tampered with or stolen in a vast re-hypothecation scheme.

The Gold War is on, having moved to a higher
gear, but nowhere near a climax gear. The true value of gold is being
realized. The strength of gold during insolvency crisis is being observed.
The resistance and rescue from the plague of insolvency is being made clear
on a global stage. The new important
part of the Gold War comes with the Allocated Gold Account scandal which will
dwarf the LIBOR and MFGlobal scandals. The
demands for repatriated gold accounts, primarily from the criminal bank
sectors in London and New York, have amplified. Germany has finally joined
with demands for gold repatriation. The demands will continue to grow even as
tampered gold bars add to the motivation to repatriate. If only Chavez of
Venezuela knew that he was to start a global trend to call gold home, in a
Gran Aletazo de Mariposas. The grand butterfly
flapping has caused a whirlwind that will turn into a tornado to wreck the
central banks in a final death blow.

GOLD STANDARD
RECALL

The law can be stated: The Gold Standard will return from a sheer standpoint of value,
stability, and resistance to storms based in failed bond auctions, debt writedowns, and insolvency consequences. Only a hard
asset backed new currency can replace a fiat paper currency reserve.

The law is self-evident and being manifested,
with alarm if not deep trepidation by the financial leadership among the
Western nations. While the central banks and the finance ministers stumble
around seeking solutions, applying patches, making money free, redeeming
toxic bonds, and otherwise bumbling in the midst of their own balance sheet
and fiscal ruin, the emergence of Gold has become clear. It is the only asset
rising of recognized value during the grand debasement of money committed by
the central banks. It is the only asset whose value is being demonstrated as
strong during the fiscal cliffs that so many major industrial nations have
already gone over. They are not approaching fiscal cliffs. Four consecutive
years of USGovt deficits over $1.3 trillion amply
demonstrate to anyone with an uncorrupted view and unaltered pulse that the crash
into the canyon floor is next, not the plunge over the cliff. Downward
acceleration and speed have already been achieved.

As nations and continents come to realize their
new debt compositions are nothing more than a series of shots of tequila for
the patient suffering delirious tremens from alcohol poisoning, they are
coming to the painful conclusion (for them) that a Gold Standard is the only
solution. Applications of more paper mache
accomplish nothing when the base of paper is rotten. The Gold Standard will
be imposed upon them by the global rebellion against the USDollar,
which will emanate from the trade sector. The Gold Standard will return, in
the form of trade settlement as its payment core, as in the short-term trade
notes. The bank cartel will be brought into the standard from which they
broke away in 1971 with the abandoned Bretton Woods Accord. They will be
brought in kicking and screaming, since only Gold can and will properly bring
the nations out of the wilderness from the chaos. Once more, the banking
systems will follow the trade system, rather than the corrupt banks dictating
terms on reserves management in fiat paper currencies which disseminate toxic
bonds. It has been backwards for 30 years.

CENTRAL BANK
EXTREMES

The law can be stated: The Gold Bull continues unbounded with the Zero Percent Interest
Policy (ZIRP) as its primary cylinder, while the artificial 0% distorts all
financial markets, all assets, and all value. The Gold Bull will continue
until the USGovt debt default, and until the USDollar retirement.

The 0% official rate has been declared as
permanent, if the words of USFed Chairman Bernanke
are properly interpreted. A sliding forward promise, first told as end 2013,
later revised to end 2014, later to be end 2015, is a clear signal to those
with an active brain stem. It is permanent. The 0% rate, however maintained
like with Interest Rate Swap contracts, renders all financial markets as
grossly distorted, since most assets have a value that extends from the cost
of money. But practically, the USGovt debt cannot
manage a rate hike, or else the borrowing costs approach the size of major
social programs, even approach the size of the USMilitary
offense budget. A rate hike would break the entire debt structure and result
in a quick default and wreckage of the entire USTreasury
Bond complex. Worse, a rate hike would cause a sudden collapse of the support
structures bound within the vast derivative complex. This complex has enabled
the US financial structure from a collapse that should have occurred around
the 1998 to 2001 timeframe. Also, a rate hike would bring ruin to the big US
banks heavily committed to the USTBond carry trade,
for easy risk-free profits. Recall the Jackass forecast of aUSGovt debt default, the position stated in the
last months of 2008. The event is coming true.

The Gold Bull is powered by the negative real
rate of interest. Its calculation is made simple by the 0% official rate. But
take the prevailing consumer price inflation rate of about 8% to 10%,
subtract it from the rate earned, tied to long-term USTBonds.
The result is a negative real rate at minus 6% or minus 7%, sufficient to
power the Gold Bull Market. Given the permanent ZIRP policy, the Gold Bull is
in permanent mode. All talk about the Gold Bull Market having run its course
is based on vacant arguments and nonexistent logic. It is the propaganda of
fools, even desperate people. Calls that the bull in gold has run its course
since it hit the $1000 level were laughed at by the Jackass a few years ago.
Calls from the same scummy deceptive corners that the bull in gold has run
its course since it almost reached the $2000 level are also ridiculed. No
solutions have been installed, and the grand debasement of money persists
without end. Many doubters and critics of the Gold Bull Market will be
humbled when it vaults past that level. The justification, numerous as they
are, are gaining attention. The Jackass is glad to help the process along,
and to silence the corrupt corners.

The law can be stated: The bond monetization known as Quantitative Easing (QE) powers the
upward move in the cost structure for the global economy. The result is a shrinking profit margins imposed on the entire
economies, felt in job cuts and reduced budgets for expansion, even maintenance.

The expanded bond monetization has been declared
as permanent, if the words of USFed Chairman
Bernanke are properly interpreted. A sequence of bond purchase commitments,
including both USTBonds and Mortgage Bonds, to meet
urgent calls to address the quagmire, is a clear signal to those with an
active brain stem. It is permanent. In fact, the QE3 has some rather obvious
motive to cover the multi-$trillion mortgage bond fraud, thus permitting a
possible housing market recovery. Not gonna happen.
The foreign bond creditors have vanished, with only a scattering of Japanese
and Chinese investors serving as the bulk of foreign demand. In order to
prevent the short-term USTBill yields from shooting
up to 5% suddenly, in order to prevent the long-term USTBond
yields from shooting up to 10% suddenly, the USFed
has made a series of commitments to buy the USGovt
debt. Nobody seems to want it, nobody seems to afford it (savings vanishing
act), nobody seems to find it as holding value
anymore. Besides, deep criminal banker fraud is becoming recognized in story
after story. Without the vast QE, despite all its deception and chicanery
like Operation Twist, and without the vast apparatus of interest rate
derivatives to maintain the 0% artificial rate, the USTBond
structure would collapse. If these words seems
absurd, then the reader is probably ignorant, uneducated, or wearing red
white & blue jockey shorts.

The law can be stated, as a profound consequence:
The combination of ZIRP & QE
lead to capital destruction and systemic breakdown. Observe the fast falling
Money Velocity while money supply grows at a staggering pace.

The telltale signals are the capital destruction,
the retirement of equipment, the shutdown of unprofitable businesses and
business segments. The USEconomy is not in
recovery, but rather in a grand deterioration process. The evidence is
overwhelming, shown on a regular basis within the Hat Trick Letter reports.
Whether reduced rail shipments, or fast rising Food Stamp participation, or
significant declines in payroll tax withholdings, or still growing state
budget deficits, or the stunning fall in Money Velocity, those among the
aware crowd can see the pathogenesis. The principal cause is the Zero Percent
Interest Rate matched by Quantitative Easing, which kill capital as they lift
costs. This is the glaring shocking blind spot among hack US economists, most
of whom are compromised by either Wall Street or
university grants. Hardly any have my respect, since abject apologists for
the failed system with few if any valued lucid perceptions. They are the
corrupt harlots of Wall Street. They are the vapid academic talking heads.
The path paved by fiat paper currency has led to insolvent systems.

The current monetary policy coordinated by the
major central banks of the United States, Europe, United Kingdom,
Switzerland, and Japan assure no deviation from the path driven by momentum
of the grand sovereign debt defaults and ultimate systemic breakdown. In
fact, no solution is even attempted, a consistent Jackass point, since the
policies and actions are directed toward preservation of power and away from
big bank liquidation. The commitment to the failed system increases every
year, assuring the impact of the systemic breakdown to be greater as well.

ENTRENCHED
DISORDER

The law can be stated: The anti-Gold system continues to attempt to reinforce itself until
its final implosion. Criminal means and false accounting backed by media
propaganda are their tools that reinforce the current power structure. It
will yield to foreign designed trade settlement systems, to the forced Gold
Standard return, and to vast liquidation.

For the US and UK and Europe and Japan, the 0%
official rate will continue until the debt defaults occur, which are in
progress. The government deficits will not come down. They will instead
escalate, as the economies produce fewer tax receipts and the calls for
socialist relief programs expand. The political apparatus is being recognized
as broken, a travesty in full view. The economies are experiencing a permanence in the shock from the ZIRP & QE in
tandem. Households feel the higher cost of food, energy, utilities, town
services, and even property taxes. Businesses feel the higher costs of
everything from energy to materials to shipping. Lately they will react to
the Obama Care as the health care tax is imposed, against their will. The
financial firms have been guilty of doctored gimmicked financial statements
ever since April 2009, when the USCongress blessed
the decision by the Financial Accounting Standards Board. The FASB decided to
permit the financial firms to declare any value they wish for rotten assets,
the collection of impaired assets not to face the grim reaper of reality. The
parade of Zombie Banks has reeked havoc ever since
upon the economies.

Criminal deeds have become the norm. The
established norm has been for outsized naked short positions for the Big Four
US Banks. They are an everyday fixture. No laws are enforced for selling
enormous supply without metal. Why on November 15th, my colleague Turd
Ferguson reported the following gold ambush. In the TFMetals
Report, he summarized the ambush as he wrote, "Over the course of
about 5 minutes, one single order was filled. This massive dump of about
25,000 gold contracts managed to move the price of gold down by nearly $20.
To give you an appreciation of the size and scale of this deliberately
criminal act, 25,000 contracts is the
paper equivalent of 2.5 million ounces of gold, or roughly 77 metric tonnes, the paper equivalent to the alleged physical
holdings of Australia or Indonesia." No end to the naked
shorting. The financial press reported not a peep on order by the Syndicate,
who act as advertisers on the network channels.

On November 2nd, the Silver Doctor reported a
similar silver ambush. NetDania provides a service,
to estimate volume from five separate market sources. It is not an exact
indicator of volume data, but does shed much accurate light on the deeply
corrupted market. According to NetDania, a total
volume of 38,400 contracts, equal to 191.99 million ounces of paper silver
were dumped on the market in only ten minutes between 8:30am and 8:40am EST.
The Boyz chose to execute the raid precisely on the
day of the gimmicked Non-Farm Payroll data release. They smelled a potential
for a precious metals price uprising, and snuffed it. The volume for those ten minutes corresponds to nearly one quarter of
annual global silver production! Not the US output, but global output. No
response by market regulators, business as usual.

Criminal deeds have become the norm. Money
laundering has kept the entire major US banks afloat, the money laced with
narcotics. Overnight satisfaction of loans is sometimes done with heroin
paper packets the size of bricks. For the last 20 years, the New York and
London bankers have illicitly (nicer word than illegally) leased official
gold accounts. Those nations are one by one demanding their gold
repatriation. Hot war has been justified in order to win the release of
official gold held in accounts. Plenty of Arab despots sit in power, but the
Libyan seat was targeted as special for its 144 tons of gold. The London
bankers pilfered the Libyan gold account in the Qaddafi name, offering flimsy
requirements for its return to their people, demands which will never be met.
The stolen private accounts at MFGlobal waiting for
silver delivery served as another criminal deed. The crime scene was
protected by the US regulators and the courts. Apparently, the wrong
interpretation of bankruptcy law matters little. MFGlobal
was a brokerage firm, not a financial firm. Therefore, the private accounts
should have been held first in line for redemption, not last.

The criminal appellate court upheld the wrong
decision. The newest criminal streak involves tungsten lacing in fake gold
bars. The story was cited here in early 2010, with Rob Kirby taking the lead.
My source informs that two important characteristics are noteworthy. The Hong
Kong banks are the biggest among the victims. The distribution routes run
through a crucial Central American nation, just like the narcotics. Fort Knox
was systematically gutted as its content bars were swapped, whose extent has
yet to be determined. Expect some deep consequences for the counterfeit in Tungsten
bars. Refer to TRIAD for old fashioned justice, and the Intl Court of the
Hague for justice with more procedure involved. Perhaps the unusual story of
bankers simply vanishing will be the case.

ALLOCATED
GOLD ACCOUNT SCANDAL

The most prominent criminal practice has been challenged, the illicit usage for leasing of official gold
accounts in the name of sovereign governments. The challenge will make for
the grandest banker scandal in modern history. My source estimates that over
40 thousand metric tons have been vacated from the official accounts over the
last two decades. Clearly, the volume indicates a lot of unofficial
unaccounted gold, which nonetheless exists. The pressure has finally come to
the London bankers largely responsible for the happy fingers. The New York
and Swiss banks have been working overtime, often in midnight emergency
shipments, to avoid a direct default. That would be both embarrassing and an
invitation for prosecution which would be difficult to prevent, given the
public outcry. As the London bankers struggle to meet the repatriation
demands, the pressure will not relent. They must replace the leased gold or
see their crime scene exposed.

Only when the vast Swiss repository is denied to
the London banksters, the drain will erupt into a
major gold default event with glaring publicity. It is when they are exposed,
when the urgent need to replace the improperly leased (stolen) gold is
realized, when the public and financial community is made aware of the
altered Supply & Demand dynamics, that the Gold Price will shoot upward
fast hard and without stopping. Far less gold is held in supply than
recognized, while tremendous gold demand occurs. The Allocated Gold Account
scandal will force the Gold price to $5000 per ounce, at a minimum. The
agreed upon trade settlement gold core will probably permit the gold price to
be fixed on a temporary basis. Gold is in increasingly short supply, given
the labor problems in both South Africa and South America. Expect important
gaping shortages and deficits. So the $5000/oz
price is only a target, easily surpassed.

METALS PULLED
APART

The law can be stated: Gold Bullion diverges into official voided supply, matched by huge
syndicate supply. The visible vault storage with public accounting will
eventually show nothing present, while the private syndicate vault storage
will be hidden from view.

One private important location is the Carlyle
Group, which holds significant counter-party positions to the vast short
positions that Wall Street banks are responsible for. The biggest hidden gold
hoards, truly magnificent in size, are located in Basel Switzerland, the
Roman Catacombs, under the Kremlin, and by the ancient Chinese families,
along with Wilbur & Mack who buried a hoard in their Arkansas backyard
ready with buddies Smith & Wesson. The divergence will continue until the
official gold supply is demonstrated, with shock & awe, to be near zero.

Another important divergence will occur. The
official price discovery markets such as the COMEX and LBMA will be exposed
as having near zero Gold & Silver in inventory. The prices posted for
Gold & Silver will remain artificially low, held down by corrupt methods
such as widespread naked shorting (permitted by the US regulators and USDept Justice). The physical price paid for Gold &
Silver will continue to rise without bound. Already, no more large gold
purchases can be satisfied, since supply is for the most part gone. Premiums
for coins are on the fast rise, if coin supply exists at all. The unfortunate aspect of Supply &
Demand dynamics is that when price is forced down by intervention and other
illegal pressures, the result is vanished supply. That is precisely what is
happening. Expect a tremendous divergence to occur, as the COMEX and LBMA
tagteam of corruption experience a total depletion,
but report some asinine moderate price. Nobody will be able to purchase at
their posted price, since they will not have any Gold or Silver metal in
inventory. It will be gone. Extraordinary methods are being used right here,
right now, to prevent the default. See vast exports of gold from the US to
London. See the vast shipments of silver from the US to London. See the rapid
decline in the GLD & SLV inventory, which the Wall Street firms have
access to. See the MFGlobal and PFG-Best private
account thefts.

Coins exhibit the inflation in a highly visible
manner. The coins in the Untied States & Canada
are going away for 1-cent and 5-cent pieces. A friend in Toronto reports that
recent modifications to the looney and tooney (C$1 and C$2 coins) have not only altered their
appearance, but have altered their perception. They seem like play money to
the public, which has shown derision. The US merchants will soon be permitted
to round the transaction costs to the nearest 10 cents. The visible inflation
has resulted in the cost of making small denomination coins too expensive,
and thus impractical. ZIRP & QE will do that. The cost to make a 1-cent
US penny is now 4.8 cents and the cost to make a 5-cent US nickel is now 16.2
cents. How embarrassing, even adding to the USGovt
deficit. Due to high zinc and other cheap contents, the 10-cent US dime and
25-cent US quarter are still inexpensive to make. Why not use wooden nickels?
Unless subjected to another fabricated hurricane, they will hold a stable
appearance, if not value. A quick review of the National Atmospheric Release
Advisory Center website will demonstrate easily the evidence of South
Atlantic heavy microwave activity during the entire month of September.
Angels don't play this haarp.

GOLD
MIGRATION

The law can be stated: With Gold goes the geopolitical power. As huge amounts of Gold are shipped Eastward, with huge tonnage leaving London for
points East like China, so goes the important shift in geopolitical power. A
Paradigm Shift is in progress, at work.

Since March 2012, a whopping 6000 metric tons of
gold bullion has been shipped from London to the East, primarily China. The
circumstances behind the shipments are murky, but they indicate private
off-market transactions that are intended to avoid publicity. My suspicion is
that old wealthy Chinese families had their Allocated Gold Accounts
improperly used in leasing practices by London bankers, associated with
posted margin on a gaggle of leveraged contracts spanning from sovereign debt
to currencies. The trades went sour. Margin calls were enforced with lost
gold in a grand forfeit, the London bankers feet put to the fire reportedly.
Publicity was avoided, but in the process a tremendous amount of gold was
forfeited. With the gold went a transfer of power, to the East. They will
dictate terms of the new trade settlement system. They will become the
world's more prominent lenders. They will control the next geopolitical
chapter.

ADVENT OF THE
GOLD WARS

Since the Lehman bust in September 2008, the
global financial crisis has been a fixture, without solution. My preference
is to call it the Global Monetary War, whose unspoken main objective by the
powers in control is to maintain power, to preserve the big banks as
fortresses of power, and to protect the USTBond
& USDollar in their primary perches. Two
important events have altered the crisis. The first was the breakdown of the
Southern European sovereign debt structure. The Greek Govt
Bond went into crisis mode in late 2009, which spread to Ireland, Portugal,
and lately to Spain, Italy, and France. It will consume the Euro currency,
despite all their best efforts NOT to fix anything, despite their best
efforts to alter the bond subordination in new bond issuance. The Europeans
are guilty of kicking the debt can down the road, just like the Americans.
The victims that topple the system will be the big national banks in the
affected nations of Europe, even the German banks. Their flagship Deutsche
Bank has been dead for years, full of hollowed corridors.

The second important event was the widening
demands for repatriation of official gold accounts. It might have begun with
Chavez in Venezuela, but it has continued. The Ghana Govt
made their gold account repatriation demand, but a mysterious death of their
leader halted the process. The Germans are spearheading this revolt. The
Dutch will follow. The Austrians are next. Even little Ecuador wants one
third of their gold account returned. Others will join.

An extreme wild card has surfaced. It began to be
in play when Saudi Prince Bandar was assassinated a couple months ago, at the
hands of HezBollah. Of course, the event was kept
secret, but the Saudi Minister of Security was killed as revenge for the
Saudi role in the high level Syrian assassinations. Phony photographs and
other doctored official accounts have been produced by the Riyadh crowd to
conceal the damage. The House of Saud,
so the Jackass has claimed for two months, is in danger of falling, along
with the Petro-Dollar. Well this week, reports have come out that King
Abdullah faces death. He underwent a mid-November back surgery but has
not recovered, or even come into consciousness. His
entire set of organs has shut down, no longer functioning. The risk to the Petro-Dollar
was high with the Bandar killing. The risk just went double acute with a
succession to the throne imminent. Domestic challenges by an increasingly
aware population, beset by higher cost of living, will come. The great Saudi
oil surplus is slowly dwindling, what with higher domestic usage in a higher
standard of living. The foreign challenge will remain from HezBollah, with roots from the radical and very powerful
Shiite sect. Expect the Petro-Dollar defacto
standard to fall in the coming months, as only weak successors remain in the
line of surviving brothers. Think bottom of the family barrel (of oil). The
teetering USTBond and confronted USDollar make for a poor foundation on which to keep the
Petro-Dollar in place. Imagine the impact if the Saudis announce that Euros,
Pounds, Swiss Francs, and Yen, even Gold are accepted for crude oil
transactions. The Petro-Dollar is walking dead.

GOLD BREAKOUT
IN ALL CURRENCIES

The
process began with a Gold Price breakout in Euro terms. The continent is the site
of the most visible systemic bust that has engulfed the sovereign bonds, the
big banks, and the economies, even public trust. Soon to follow suit will be
the Gold Price breakout in US$ terms, in British Pound terms, and in Japanese
Yen terms, an event to occur simultaneously. The central banks from Europe, the US, the UK, and Japan are
coordinated and aligned. They are all putting into practice the monetary
lethal policies of unlimited hyper monetary inflation with a 0% rate
attached. Witness Weimar gone global in a grand currency debasement. The
Gold price will surpass the US$2000 mark easily. When it does, the Gold Price
breakout will be recognized in all major currencies.

The
central bank franchise system is broken. The global monetary system is
broken. The big Western banks are broken. The financial markets are broken.
The safe savings vehicles are broken. The all-important confidence factor to
support fiat paper currencies is fast vanishing. The arrival of the Gold Standard as the solution is being slowly
manifested in the form of a gold-core trade settlement system, which will
drive a global Gold Standard. The new system will dictate bank reserves
practices, and render the USTBond as a rejected
toxic paper relic. It should arrive early in 2013. In the process, the
Western nations will become impoverished, as they desperately cling to the
failed system. Anger will rise. Disorder will prevail. The USDollars inside the United States will be trapped, then devalued as the public watches in shock. The power
will shift East inevitably, with the shipment of Gold. A new era will begin.

Jim Willie CB, editor of the “HAT TRICK LETTER”

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Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 24 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com .

Once again, Jim Willie rips aside the facade of propaganda and the fog of secrecy to expose our fraudulant financial system for the massive criminal ponzi scheme which it really is. No one comes closer to putting the pieces together than him. But I must admit I am amazed that the rigging and manipulation can continue unabated month after month and year after year. Just today, there was another huge takedown in precious metals. At least there are some smart people out there who will continue to buy on the dips. How long can this continue? Unfortunately, an uninformed public misled by an untrustworthy mass media will prop this madness up for far too long.

Though I have criticized Willie in the past for his conspiracy theories, this article is spot on. I recall gowing up in the 60s when I had real (silver) money in my pocket, that I could go to the bank and exchange a $10 bill for 10 silver dollars. Sadly, no one thought that unusual or that our money could ever be debased.

Now comes the plan to eliminate pennies and nickels from our coinage next year, and they will disapear going the way of silver coins and copper pennies. So might be time to hoard up on a few boxes of those -- ten pennies or less, or even a nickel (with its current copper content) buying a can of soup in the desperate near future. In the early 60s 10 pennies could buy a basic McDonald's burger.

It is strange that Gold and Silver prices have stalled over the past few months while monetary easing has increased all over the world. Conspiracy? Maybe Willie could be right there as well.